First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Report for October

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 280 shares, a decrease of 91.9% from the October 15th total of 3,437 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,386 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Dow Jones International Internet ETF

A hedge fund recently raised its position in First Trust Dow Jones International Internet ETF stock. NewEdge Advisors LLC lifted its stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 133.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 677,183 shares of the company’s stock after purchasing an additional 387,223 shares during the period. NewEdge Advisors LLC owned about 46.70% of First Trust Dow Jones International Internet ETF worth $18,436,000 at the end of the most recent quarter.

First Trust Dow Jones International Internet ETF Stock Down 2.3%

FDNI stock traded down $0.60 during midday trading on Thursday, hitting $25.38. The company’s stock had a trading volume of 83,290 shares, compared to its average volume of 16,403. The firm has a 50-day simple moving average of $26.12 and a 200-day simple moving average of $27.65. The firm has a market capitalization of $29.18 million, a P/E ratio of 17.22 and a beta of 0.88. First Trust Dow Jones International Internet ETF has a 52-week low of $23.99 and a 52-week high of $36.93.

About First Trust Dow Jones International Internet ETF

The First Trust Dow Jones International Internet ETF (FDNI) is an exchange-traded fund that is based on the Dow Jones International Internet index, a market-cap-weighted index that holds a concentrated portfolio of the largest internet services and commerce companies outside of the US. FDNI was launched on Nov 5, 2018 and is managed by First Trust.